The report “Enterprise File Synchronization and Sharing Market” (By Delivery Mode (Distance Learning, Instructor-Led Training, and Blended Learning) -By Component (Solution and Services) -By Organization Size (Large Enterprises and Small and Medium-Sized Enterprises) -By Vertical (Software and Technology, Healthcare, Retail, Banking, Financial Services, and Insurance, Manufacturing, Government and Defense, Telecom, and Others) -By Deployment Type (On-Premises and Cloud) –by Geography (North America, Europe, Asia Pacific, Middle East & Africa and Latin America)) – is expected to reach US$ 18.22 Bn by 2024 from US$ 2.78 Bn in 2016 at CAGR of 26.5%.
Enterprise files synchronization and sharing are mainly adopted to stop employees from using file sharing apps that are consumer-based and out of range of control and visibility of IT department for storing, managing and accessing their corporate data. Global enterprise file synchronization and sharing market includes features like process management, version tracking of documents and live commenting which serves users to store, share, edit and review files. Global enterprise file synchronization and sharing market continues to grow due to the increasing requirement of digital transformation, approach on improving productivity by adopting new technologies and eliminating paperwork processes. Increasing Trend of BYOD (Bring Your Own Device) and Enterprise Mobility, Growing Emphasis on Continuous Learning, Continuous Innovation in ELearning Tools are the major factor for driving the market. Low Motivation and Engagement by Organizations is the restraining property towards market growth.
The solutions segment among components consumes the largest size of enterprise file synchronization and sharing market in forecasting period
In terms of component, the solutions segment among components consumes the largest size of enterprise file synchronization and sharing market in forecasting period. Need for corporate LMS contribute to market growth as it provides training to consumers, employees, retailers, and others along with channel training, compliance training and more.
The cloud deployment type is predicted to have the biggest market share followed by on-premises deployment type.
In terms of deployment type, the cloud deployment type is predicted to have the biggest market share followed by on-premises deployment type. The cloud deployment type is mostly used due to its reasonable cost and benefits by corporate LMS users. Due to its flexibility, effective cost, scalability and pay-per-use model as per the need of end users this segment is highly contributing in global enterprise file synchronization and sharing market.
North America is estimated to hold the largest share in forecast period in the global enterprise file synchronization and sharing market
In terms of region, North America is estimated to hold the largest share in forecast period in the global enterprise file synchronization and sharing market. Developing technologies and eLearning tools have accelerated the Enterprise File Synchronization and Sharing Market growth in this region. Asia Pacific is estimated to have the largest CAGR in the forecast period. Tight learning budgets and cost-effectiveness pushes organizations to provide their employees with proper training and resources and get better business outcomes.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading manufacturers such as Dropbox, Microsoft, Box, Citrix Systems, Nextcloud, ownCloud, CodeLathe, Intralinks, Qnext Corp., XMedius Solutions, Inspire-Tech, Northbridge Secure Systems, MyWorkDrive, and CTERA Networks.
Maximize market research, a global market research firm with dedicated team of specialists and data has carried out extensive research about the enterprise file synchronization and sharing market. Report encompasses the market by different segments and region, providing the in-depth analysis of overall industry ecosystem, useful for taking informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the enterprise file synchronization and sharing market. The driving forces, as well as considerable restraints have been explained in depth. In addition to this, competitive landscape describing about the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain enterprise file synchronization and sharing market positioning of competitors.
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